Global space launch services market size reached USD 6.59 billion in 2021 and is expected to register a revenue CAGR of 14.6% during the forecast period, according to latest analysis by Emergen Research. Rising demand for small satellites and for satellite data are some key factors expected to continue to drive market revenue growth over the forecast period.

The Global Space Launch Services market drivers and restraints Market report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.

Moreover, launch vehicles can carry and place a larger number of smaller satellites in orbit or further at the same time, which is a key factor increasing demand for small satellites, and is expected to drive revenue growth of the global market going ahead.

Satellite data is playing a crucial role in effective decision making and policymaking among defense personnel and across various agencies. Satellites imagery data is analyzed using Artificial Intelligence (AI) in order to monitor changes in border encroachment, weather patterns, land use, efficient utilization of water, and town planning. Satellite data can also play an important role in risk mitigation during natural disasters. Increasing demand for satellite data to enhance decision making has been resulting in increasing number of government-funded space initiatives and for sending satellites into Earth's orbit.

Development of Reusable Launch Vehicle (RLV) technology is another major factor expected to continue to drive revenue growth of the global space launch services market. Use of RLVs can reduce costs of space missions considerably. Conventional launch vehicles such as Polar Satellite Launch Vehicles (PSLVs) and Geosynchronous Satellite Launch Vehicles (GSLVs) are launched once and then discarded as these burn up on reentry into the atmosphere. Reusable launch vehicles can serve to launch multiple payloads into orbit, and this ensures considerably less space debris is generated.

However, international laws have restricted scope of higher investment by private firms by limiting ownership of properties in celestial bodies in outer space. Another key factor hampering growth of the global space launch services market is increasing volumes of space debris. In addition, success rate and high costs involved are factors that are seriously considered as every mission may not yield desirable results. These are among some of the key factors hampering potential market growth.

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Some Key Highlights From the Report

• Small satellite segment revenue is expected to register a substantially rapid CAGR during the forecast period due to rising demand for small satellites, owing to reduction in manufacturing and costs of launching, shorter period for mission planning, and flexibility to launch multiple satellites in a single mission. Moreover, small satellites can be customized as per requirement, which is expected to boost demand for small satellites in future.
• Low Earth Orbit (LEO) segment is expected to register a significantly robust revenue growth rate over the forecast period due to ability to provide a low-latency, high-speed connection, enabling better Internet connectivity and decision-making capabilities.
• North America is expected to register a more robust revenue growth rate over the forecast period among other regional markets due to presence of international and domestic space launch service providers such as Space Exploration Technologies Corporation., Blue Origin LLC, and Spaceflight Industries, Inc., among others in countries in the region.
• Some major companies in the global market report include Space Exploration Technologies Corporation, Spaceflight Industries, Inc., International Launch Services, Inc., Blue Origin, LLC, Eurockot Launch Services GmbH, Mitsubishi Heavy Industries Ltd., Arianespace S.A., China Great Wall Industry Corporation., Antrix Corporation Limited., and International Space Company Kosmotras
• In November 2021, Spaceflight Industries, Inc. launched 13 customer payloads into two separate orbits for the first time. After being launched by SpaceX\'s Falcon 9 rocket, Orbital Transfer Vehicles (OTV) will first place four microsatellites and five CubeSats in Sun Synchronous Orbit (SSO), and then travel 500 kilometers to deploy remaining four CubeSats in a different orbit.

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Emergen Research has segmented the global space launch services market on the basis of payload, services, orbit, application, platform, and region:

• Payload Outlook (Revenue, USD Billion; 2019–2030)
• Small Satellite
1. Nanosatellite
2. Microsatellite
3. Minisatellite
• Medium Satellite
• Large Satellite
• Human Spacecraft

• Services Outlook (Revenue, USD Billion; 2019–2030)
• Pre-launch Services
1. Management Services
2. Integration Logistics
3. Tracking, Data Telemetry Support
4. Insurance
• Post-launch Services
1. Launch and Early Operations Phase
2. Re-supply Missions
3. Stabilization

• Orbit Outlook (Revenue, USD Billion; 2019–2030)
• Low Earth Orbit (LEO)
• Medium Earth Orbit (MEO)
• Geosynchronous Orbit
• Polar Orbit

• Application Outlook (Revenue, USD Billion; 2019–2030)
• Commercial
• Government
• Military

• Platform Outlook (Revenue, USD Billion; 2019–2030)
• Land
• Sea
• Air

• Regional Outlook (Revenue, USD Billion; 2019–2030)
• North America
1. U.S.
2. Canada
3. Mexico
• Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
• Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
• Latin America
1. Brazil
2. Rest of LATAM
• Middle East Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

• Regional Outlook: (Revenue, USD Billion; 2018-2028)
• North America (U.S.) (Canada) (Mexico)
• Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
• Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
• Latin America(Brazil) (Rest of LATAM)

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Table of Contents:

Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.

Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and global market size. It also covers market share and growth rate by regions.

Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.

Breakdown by Product and Application: This section provides details about market size by product and application.

Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.

Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.

Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.

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